
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
South Korea Scraps Foreigner Tax on Government Bond Income
19/10/2022
The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
Securities / Derivatives
CBIRC Approves BNP-AgBank Wealth Management JV
19/10/2022
BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.
Fintech / Regtech
Kakao Under Probe Over Unprecedented Service Disruption
19/10/2022
A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.
Market Infrastructure
CSRC Mulls Measures to Increase Stock Trading by Foreign Firms
18/10/2022
The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.
Capital / Liquidity
RBI Tightens Rules on Disclosing NPA, Provisioning Divergences
18/10/2022
Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
Crypto / Digital Assets
Malaysia is Liberalising Funds Industry, Says SC Chairman
18/10/2022
The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.
AML / KYC
HK Regulator Urges Insurers to Cooperate with ICAC Investigations
18/10/2022
The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.
AML / KYC
IMF Publishes Guide to Beneficial Ownership Transparency
18/10/2022
Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.
Securities / Derivatives
CSRC Proposes to Relax Restrictions on Share Buybacks
18/10/2022
The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.
ESG / Sustainability
SEBI Sets Out Governance Requirements for Social Stock Exchanges
18/10/2022
A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.
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